Just a mental exercise for all the financial geniuses, but how about this: reverse mortgage the house. Don’t spend the money. Pocket or invest and leave to child. Then child gets money but doesn’t have to worry about disposing of a house he doesn’t want.
Scam the Scammer! I like it. ;)
But, if someone doesn’t have enough discipline to handle paying their house off on time or early, I doubt they’d have the discipline to hold on to, or invest, the reverse-mortgage money.
But, again, nice idea...